Property and Equipment

12 Months Ended

Dec. 31, 2011

4.	Property and Equipment

Property and equipment consisted of the following at December 31, 2011 and 2010 (in thousands):

	December 31, 2011							December 31, 2010
	Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
Computer equipment	$	9,751	$	(8,002	)	$	1,749	$	9,224	$	(6,411	)	$	2,813
Furniture and fixtures		75		(62	)		13		75		(59	)		16
Software		1,241		(1,229	)		12		1,239		(1,220	)		19
Leasehold improvements		308		(141	)		167		308		(74	)		234
Total	$	11,375	$	(9,434	)	$	1,941	$	10,846	$	(7,764	)	$	3,082

Depreciation expense on property and equipment for the years ended December 31, 2011 and 2010, including cost of property and equipment under capital lease, was $1.7 million and $1.8 million, respectively, and is recorded in operating expenses. Equipment under capital lease totaled $2.8 million and $4.3 million as of December 31, 2011 and 2010, respectively. Depreciation expense on equipment under capital lease was $1.1 million and $1.3 million for the years ended December 31, 2011 and 2010, respectively. Additionally, accumulated depreciation on equipment under capital lease was $2.5 million and $2.8 million as of December 31, 2011 and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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